The senate has approved $16,230,077,718 and €1,020,000,000 loans requested by President MUHAMMADU BUHARI.

The upper legislative chamber also approved grant components of $125 million.

The president had made the request for the facilities in an addendum to the 2018-2020 borrowing plan in September.

The report was presented by the Chairman of the Committee, Senator CLIFFORD ORDIA, PDP, Edo Central during the plenary, despite some senators not knowing the terms and conditions of the loans.